The Global Collision Avoidance System Market was worth 39 Billion USD in 2017 and it is estimated to grow to 61.1 Billion USD by 2023 with a CAGR of 7.77% between 2017 and 2023.

Collision Avoidance Systems are designed to reduce the accidents and crashes between two vehicles and these systems are equipped with technologies such as LiDAR, RADAR, ultrasonic, and camera, watch the surroundings of the vehicle constantly and assist the driver by crash warning or by avoiding a collision.

North America region is expected to dominate the Global Collision Avoidance System Market followed by Europe, Asia-Pacific.

Drivers Vs. Constraints

Increasing demand for automated vehicles, improved visibility & enhanced safety, increase in automotive safety norms and electronic integration in automotive are the reasons for the growth of the market.

The high installation cost is the reason which restricts market growth.

Industry Structure and Updates

In April 2018, a key vendor Continental AG is working on an automatic system to warn the driver the risk of aquaplaning.